Bangladesh’s flood losses to be $2.2 bn per year
Published 18 Oct,2021 via The Financial Express - A noteworthy victim of climate change, Bangladesh is likely to incur losses worth US$ 2.2 billion on average per year, which is equivalent to 1.5 per cent of its gross domestic product (GDP), due to floods, according to a keynote presentation.
Besides, global warming will also cause economic losses for the country, as with the current rate, annual average temperature in Bangladesh will increase by 0.94 per cent within 2030.
In such circumstances, the upcoming COP26 conference is important for Bangladesh along with other climate vulnerable countries to raise their voice, the keynote said.
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The Financial Express